Top News
Economic council OKs P27.7B rural bridge program
The Economy and Development (ED) Council, chaired by President Ferdinand R. Marcos Jr., has approved the P27.7-billion Farm-to-Market Bridges Development Program (FMBDP) of the Department of Agriculture that will be financed through official development assistance from the government of France.
Trump says US hits Iranian nuclear sites, warns Tehran of more strikes
President Donald Trump said Saturday that the U.S. had launched strikes on three sites in Iran, backing the ongoing effort of Israel to cripple Tehran’s nuclear program. It is a bold and risky action, aimed at a long-time adversary, and comes after more than a week of Israeli attacks that have targeted the air defenses and missile systems of Iran. Iran has yet to responded publicly, but the US attack raises fears that any retaliation could quickly spiral into a broader regional conflict. The White House said Trump will make a national address on the military action.
FDI to emerging economies dips to 15-year low, warns World Bank
Foreign direct investment (FDI) inflows to emerging markets and developing economies (EMDEs) have declined sharply since their 2008 peak, falling from 5 percent of GDP to around 2 percent in recent years, according to a World Bank study. The decline affects nearly 60 percent of EMDEs, including regional players like the Philippines, and threatens progress in infrastructure development, poverty reduction, job creation, and climate action.
No fare hike yet: LTFRB awaits study before making decision
The Land Transportation Franchising and Regulatory Board (LTFRB) ruled out on Friday any fare rate increase for public utility vehicles (PUVs), offering reassurance to commuters amid rising fuel prices.
CAT denies link to Hacienda Luisita payout after shares surged
Central Azucarera de Tarlac (CAT) on Friday denied it stands to benefit from a potential multi-billion-peso compensation tied to a recent Court of Appeals (CA) ruling in favor of Hacienda Luisita Inc. (HLI).
